UniCredit is investing in Banxware as part of FinTech’s latest equity round. This investment highlights UniCredit’s aim to collaborate with FinTech to expand lending offerings to existing business customers and tap into a new customer base.
Business customers, such as JustEat Takeaway (Lieferando), SumUp, Agicap, and more, can gain quick financing solutions to manage their business activities.
UniCredit will support direct investments in Banxware to accelerate its transformation journey and focus on digital technology to deploy new finance business models to serve clients better and attract new ones.
The new Strategic Investment Team, part of Group Strategy & ESG, will manage the transaction and explore investment opportunities.
Read More: UniCredit invests in German fintech Banxware